Thursday, May 6, 2010

10 Money Saving Tips for Homeowners


Homeowners are often faced with a variety of problems, issues, and repairs that can cost hundreds, thousands or even tens of thousands of dollars. There are however, ways to decrease how much money you put into a home. Practicing preventative maintenance, and being prepared for repairs and emergencies, can greatly increase home-related savings.

STONE
Crumbling, cracking, and chipping stone is an inevitable part of almost any homeowner’s experience. Driveways, walkways, sidewalks, steps, porches, and foundations are affected by the weather, tree roots, settling, and ground movement. By patching cracks, breaks, and chips in stonework when they occur, you can slow the rate of decay and possibly prevent costlier issues.

SEALERS
Weather sealers can be a great way to preserve areas on and around your home. They can extend the life of metal, stone, brick, and wood by helping protect them from outside wear and tear, including rain, ice, snow, and sunlight.

CAULK
By ensuring gaps and cracks around windows and doors are sealed, utility costs can be diminished by reducing the amount of hot or cold air entering or leaving your home. Not only this, but the risk from water damage can be decreased as well by sealing cracks and edges around showers, sinks, wash basins, windows, and other areas where seepage and moisture are prevalent issues.

PAINT
A coat or two of paint can be a great protector, slowing metal from rusting, wood from cracking and rotting, and stone from chipping. It is also a cost effective way to maintain your home, enhance curb appeal, and reduce the amount spent on repairs.

UTILITIES
Your home likely uses different levels of energy each season. By gauging utility consumption, you can find usage patterns, determine if there are leaks, and gauge how much energy or water various appliances use.

APPLIANCES
Upgrading older appliances to more energy efficient models can be pricey initially, but over the course of time can save money through decreased energy consumption.

UTILIZE YOUR SPACE
By looking for naturally warmer (or cooler) areas inside your home, you can make the best of your living space during various seasons and reduce your utility costs. Partitioning certain, less frequently used portions of your home, and closing vents to these areas can help make your home more energy efficient and increase your savings.

NATURAL RESOURCES
Using airflow, wind, sunlight, shade, and other naturally provided resources to heat and cool your home can help to reduce utility bills. Harnessing natural weather patterns around your home can actually save you quite a bit of money.

LAWN
Doing your own yard work, instead of hiring a landscaping company, could save you hundreds of dollars a year. While yard work might not always be fun, and investing in a lawn mower, yard tools, and other supplies and equipment will cost you initially, by not paying a lawn company, you will likely rack up savings over the long haul.

BEING PREPARED
Being prepared for emergencies, unforeseen repairs, and other situations that can cause damage to your home can save you money. By having a generator for emergencies, proper tools for repairs, a wet-vac for water issues, and similar equipment, you can decrease response times to issues that could affect your home’s well being as well as reduce the amount of damage done to your home.

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